Private equity firms to sell Minacs to Synnex for $420 mln
Synnex Corp (NYSE: SNX) has agreed to acquire Minacs, an outsourcing business solutions provider with primary offices in Oshawa, Ontario, Farmington Hills, Michigan and Bangalore, India. The purchase price is about US$420 million. The sellers are Asian private equity firms CX Partners and Capital Square Partners, which acquired Minacs in May 2014. Synnex, a U.S. business process services company, said it plans to integrate Minacs with its affiliate Concentrix, strengthening the latter's capabilities and expanding its market optimization and Internet of Things solutions. The deal is expected to close in Q3 2016.
11 July 2016•6 mins read
